Foreign Exchange School

  Sept. 21 - The Federal Reserve left interest rates unchanged in its decision released Wednesday, while also saying it still expects another rate hike before the end of the year, with a smaller cut next year than previously expected. The Fed left rates unchanged in its decision released Wednesday, while also saying it still expects another rate hike before the end of the year, with a smaller cut next year than previously expected. A final rate hike, if realized, would come this week, according to projections released by the Fed at the end of its two-day meeting.

  Sept. 21 - The Federal Reserve left interest rates unchanged on Wednesday (Sept. 20), but hinted that it could raise rates again if further steps are needed to curb inflation. The Fed left rates unchanged on Wednesday (Sept. 20), but hinted that officials could raise rates again if further steps are needed to curb inflation. The Fed kept its base rate in the 5.25% -5.5% range, but kept its interest rate forecast for this year in the 5.5-5% range,...

  Foreign exchange traders are gearing up for policy decisions from the Federal Reserve and the Bank of Japan this week. On Wednesday (September 20), they received a fresh reminder that Japanese officials are ready to intervene if the yen moves too much. Masato Kanda, Japan's deputy finance minister and the most senior official in charge of foreign exchange affairs, said on Wednesday that he is in extremely close daily contact with the US Treasury, and both sides consider excessive currency fluctuations unwelcome...

  The dollar's rebound since July has been stunning. It has appreciated sharply against almost every major currency over the past two months. Dollar bears have been caught off guard by the surprising resilience of the US economy and the persistent inflation that has come with it. In fact, at the end of 2022, many economists had predicted that the Federal Reserve might enter recession-fighting mode by cutting interest rates to kick-start the recovery. Instead, at a time when economic growth abroad is showing signs of stalling,...

  Sept. 20 - The Federal Reserve's choice to raise interest rates is all but impossible as the two-day meeting ends Wednesday. The meeting will release quarterly updates on the Fed's expectations for a range of key indicators, including interest rates, GDP, inflation and unemployment. It is widely believed that the Fed will make sure to let the market know that it should not make assumptions about what comes next. As usual, this week's Fed meeting will be more about what policymakers expect for the future than what they are doing now...

  Sept. 19 - The Australian dollar/dollar pair remained in a narrow band last week as traders reacted to important economic data from the United States, China and Australia. The most important data was released on Wednesday, when the United States released its latest consumer inflation data. The Australian dollar/dollar pair remained in a narrow band last week as traders reacted to important economic data from the United States, China and Australia. The most important data was released on Wednesday, when the United States released...

  Sept. 19 - As the dollar continues to strengthen, the euro currency pair is hovering at its lowest level against the U.S. dollar since June of this year. It is trading at 1.0660, well below the July high of 1.1270. The main drivers of the euro-dollar pair are the latest U.S. inflation data and the decision of the European Central Bank (ECB). Inflation remained stable in August, the U.S. Bureau of Labor Statistics (BLS) said in a report. Thanks to higher gasoline prices,...

  September 18 - Market analyst Gary Howes points out five unique bearish factors that could weigh heavily on the pound next year: the housing market and mortgage costs, uncontrollable inflation and the cost of living, recession, Brexit woes and the 2024 election surprise. Despite a bit of twists and turns, the pound remains one of the strongest performing major currencies in 2023. After a tough Bank of England and good economic data from time to time...

  The euro market appears to be maintaining bearish pressure, laying a solid foundation for the euro to enter the clearly bearish market. The market has broken through the previous channel, indicating that the euro is currently struggling to cope with the ECB's decision. It is worth noting that the ECB raised interest rates on Thursday, but gave the impression that the phase of tightening monetary policy has ended. In contrast, the Federal Reserve still offers the possibility of at least one rate hike and remains firmly committed to reducing inflation to 2%. Therefore, the current market...

  Sept. 18 - Hedge funds are bullish on the dollar for the first time since March, amid growing speculation that Federal Reserve policymakers will maintain their hawkish leanings at this week's meeting. The number of net long positions in the dollar held by leveraged funds and other major players reached 18,000 contracts in the week ending Sept. 12, compared with 25,175 net short positions in the previous week, according to data from the U.S. CFTC. Investors face a crucial monetary policy...

  FUTO FOREX TODAY NEWS - Investors stayed on the sidelines ahead of the results of the European Central Bank's (ECB) policy meeting at a later date on Thursday (September 14), while forecasting a roughly 65% chance of interest rates rising by 25 basis points. Money market bets on the central bank's tightening path have risen steadily since the September 6 release of the US Institute for Supply Management's (ISM) services data unexpectedly accelerated, with some ECB hawks saying markets may be underestimating long-term growth...

  FX, September 14 - Wall Street mogul Peter Schiff has warned that people will be "eager" to get rid of the dollar. He predicted: "There will be a massive crisis that will throw the economy into chaos and people will feel the pain of the economy." Wall Street mogul Peter Schiff warned that people will be "eager" to get rid of the dollar. He predicted: "There will be a massive crisis that will throw the economy into chaos and people will feel...

  From a technical point of view, the US index rose below 105.45 on Thursday and fell above 104.55 to support, which means that the dollar may continue to rise after a short-term decline. If the US index falls above 105.10 today and is supported, the target for the future rise will point to between 105.70--106.00. Today, the US index's short-term resistance is at 105.65--105.70, and the short-term important resistance is at 105.95-...

  Australian Exchange FX News - Investors stayed on the sidelines on Thursday ahead of the results of the European Central Bank's (ECB) policy meeting at a later date, while forecasting a roughly 65% chance of a 25 basis point rise in interest rates. Money market bets on the central bank's tightening path have risen steadily since the September 6 surprise acceleration of data from the Institute for Supply Management's (ISM) services sector, with some ECB hawks saying markets may be underestimating the potential for longer-term rate hikes.

  Gold fluctuated slightly again yesterday, holding on to the 1915 support rebound. The highest level reached the 1930 line and then stopped to start the retracement. The lowest level reached the 1920 line. It still failed to break a new low. Then gold in the short term is still fluctuating between communities, and it is around the range to run short-term to accumulate profits. Monday did not leave the range. In the case of a small market, the basic market on Tuesday should also maintain this range to see the fluctuation unchanged. Technical aspects do not make too much analysis. Three consecutive transactions on the daily line...